Shell, BP & Chevron | Why pay could be linked to poor ethics for THESE leaders

Executive pay and morality are two elements that have been very much under the microscope throughout the pandemic.

From employee experience to climate action, 2020 was a year that was defined by the expectation on business leaders to see the key change created by coronavirus as a chance to correct their organisations’ moral code of ethics and make changes.

As workers have found their pay packets either frozen or, for those on furlough, reduced significantly, all eyes have turned to leaders to ensure that their responses to the issues that they’ve faced have been ethically correct. 

And, whilst leaders such as Columbia Sportswear CEO Tim Boyle are making headlines for slashing their pay in line with their own organisations’ moral compass – Boyle reduced his annual compensation from $3million (2.16million) to just $10,000 (£7,200) in 2020 – others are making headlines for seemingly discounting morality to actively increase financial gain.